A stockbroker talks on his cellphone as he watches share prices on a screen at the Pakistan Stock Exchange in Karachi. Agence France-Presse
The Asian Development Bank (ADB) has approved $300 million policy-based loan to help strengthen Pakistan’s finance sector by supporting measures to develop competitive capital markets and encourage private sector investment in the country’s industries.
The International Monetary Fund’s (IMF) board has approved a roughly $700 million loan for Pakistan under a $3 billion bailout, the fund and the finance ministry said on Thursday.
The Pakistan Stock Exchange (PSX) in the outgoing week witnessed massive overall spike in its gains as local and foreign investors rampaged across the market to quickly hit upper circuits after the war clouds hanging over the region.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), in collaboration with the Dubai Financial Market (DFM),
Raja Al Mazrouei, CEO of Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, praised the success of the 13th Ministerial Conference of the World Trade Organisation (WTO), which took place in Abu Dhabi from 26 February to 1 March 2024. Raja Al Mazrouei said:
The UAE said that its production will remain at 2.912 million bpd until the end of June 2024. Afterwards, in order to support market stability, these additional cut volumes will be reversed gradually subject to market conditions.